And Why Not?

Armchair candidates abound this time of year.  One blogger has suggested that the candidates avoid using the term “bankruptcy”. For those people who appear on CNN and have ongoing publishing deals, bankruptcy may still be equated with financial failure.  For the rest...

The “B” Word

There are a number of words that we don’t want our children to say.  There are a number of words that we don’t want our politicians to say, such as “entitlement” and “government spending”.  We may also want to include “bankruptcy” in the no-say zone, since that word...

From Whence Does My Help Come?

In a bygone era, the federal government enacted Medicare, Medicaid, Social Security, the Federal Housing Administration, and other programs designed to give ordinary Americans financial assistance.  Even today, some people (most notably President Obama) still share...

TARP Anniversary

Graybeards should call the florist.   Hipsters may want to take a stroll through the local Pier One or Kohl’s.   Big spenders may want to go here or here.  TARP celebrates its fourth anniversary this month. The Troubled Asset Relief Program and its mantra of “Too Big...

Delay of Game

William Gladstone once said that “justice delayed is justice denied”.  Obviously, Mr. Gladstone never owned a house in New York which faced foreclosure.   One house in Queens was first scheduled for foreclosure sale in July 2004.  Twenty-three postponements later, the...